There’s an issue, in Japan, with certain high income families being unable to save money. Here’s the story of a Japanese household of four, living in the Tokyo Bay area, in a high-end tower apartment, repaying multiple loans and having unnecessary spending.
Every month the household was using up their entire revenue and they couldn’t pay the tuition for their daughters’ private school and high schools. That’s when bitcoin came into their lives.
The Ikeuchi family lives in a high-rise tower apartment in the Tokyo Bay area with their two daughters, one attending a second grade junior high school, the other a fifth grade elementary school, and with two cats. They enjoy the wealthy life of the so-called “Tawaman tribe”, an abbreviation for “tower mansion” used to refer to people in Japan who purchase newly built properties, mostly 3LDK (3 rooms plus a dining room-kitchen area) at about 60 million yen ($550,000).
Their take-home monthly salary is about 420,000 yen ($3,800) for the husband, about 310,000 yen ($2,800) for the wife – a total of about 730,000 yen ($6,600). In Japan, the family is considered as a privileged high-income household.
The couple earns a 15 million yen ($135,000) annual income, but they can’t pay their daughters’ tuition fees. They bought their flat eight years ago using most of their savings as a down payment of 10 million yen ($90,000), and they had been spending a lot monthly – about 710,000 yen ($6,400), so they could save only about 17,000 yen a month ($153). Read more from altcointoday.com…
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